Overview
- Tesla experienced its fifth straight month of year-on-year sales declines in Europe, with registrations falling by 54% in Sweden, 67% in France and 36% in the Netherlands in May.
- Chinese manufacturer BYD outpaced Tesla in April by selling more pure electric vehicles in Europe for the first time, reflecting intensifying competition.
- CEO Elon Musk’s political controversies and an aging model lineup have dampened demand in several markets, leading to protests and vandalism at showrooms.
- Tesla deployed various purchase incentives across Europe, including zero-interest financing and leasing deals for the new Model Y, to counteract weak demand.
- Norway remained a standout, with 2,600 Tesla registrations in May—led by the revamped Model Y accounting for over 90% of sales and securing the top spot among new vehicles.